Desjardins Reaffirms Their Buy Rating on Cascades

By Jason Carr

Yesterday, an analyst has provided a rating update for the Consumer Goods sector company, Cascades (TSX: CAS). Desjardins’ analyst Keith Howlett reiterates their Buy rating on the shares, with a C$18 price target.

Howlett has an average return of 6.4% when recommending Cascades.

According to TipRanks.com, Howlett is ranked #1192 out of 4642 analysts.

Cascades has an analyst consensus of Moderate Buy, with a price target consensus of C$17.19.

Cascades’ market cap is currently C$1.46B and has a P/E ratio of 2.9.

Cascades, Inc. produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products and Tissue Papers.

The company’s shares closed on Thursday at C$15.71.